Renovated Historic
New
For Sale
$385,000
1619 Mansfield Street, Cincinnati, OH 45202
Residential Income, Cincinnati, OH
Property Size1,554 SF
Lot Size0.03 Acres
Price / SF$247.75
Days on Market4
Property Features for 1619 Mansfield Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, On Street
Window features
Aluminum Frames
Patio and Porch features
Deck, Patio
Exterior features
Patio, Deck
Fireplace
1
High school district
Cincinnati City SD
Directions
71 South to exit #2 - Reading Road(42). Right on E Liberty to Mansfield
Subdivision
Hamilton-E01
Standard status
Active
APN
086-0002-0236-00
Size
1,554 SF
Lot size
0.03 Acres
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1880
Number of units
2
Building materials
Brick
Roof type
Membrane
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
Listed By:
Emma Berger
(513) 766-9200
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 26 at 4:06AM
MLS# 1894963
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,554-square-foot brick duplex dates to 1880 and underwent renovation during 2022-2023. The property contains two one-bedroom units, each with one bathroom. Unit 1 includes exposed brick, a private deck, city views, and dedicated off-street parking. Unit 2 features a patio walkout leading to a fenced, brick-paved courtyard and is vacant for immediate occupancy. Improvements include updated kitchens, bathrooms, flooring, HVAC, and electrical systems, along with natural-gas forced-air heat and a membrane roof.
Located on Mansfield Street in Cincinnati’s 45202 ZIP code, the duplex is described as being steps from Over-the-Rhine and within reach of Findlay Market, restaurants, breweries, and shops. The property also offers on-street parking, a fireplace, and a compact 0.034-acre site.
Located on Mansfield Street in Cincinnati’s 45202 ZIP code, the duplex is described as being steps from Over-the-Rhine and within reach of Findlay Market, restaurants, breweries, and shops. The property also offers on-street parking, a fireplace, and a compact 0.034-acre site.
Key Highlights
- 1,554‑square‑foot duplex on a 0.034‑acre lot
- Renovated during 2022‑2023 with updated kitchens, baths, flooring, HVAC, and electrical
- Two 1‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,020
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,400
$260.4K
Cap Rate 7%
$186,000
$186.0K
Cap Rate 9%
$144,667
$144.7K
Market Conditions
NOI Build-Up for 1,554 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.8K $12.72/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$18.6K $11.97/SF
− OpEx
−$5.6K −$3.59/SF
NOI
$13.0K $8.38/SF
Area
Cincinnati, OH
Vacancy
5.90%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,400
Cap Rate 7%
$186,000
Cap Rate 9%
$144,667
Alternative Uses
Best Use
Multifamily LT 5
$186.0K
$162.8K – $217.0K
NOI $13,020 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$164.9K
$144.3K – $192.4K
NOI $11,546 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$308.9K
$270.3K – $360.4K
NOI $21,624 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 45202, OH
16,883
Population
11,432
Households
1.5
Avg Household Size
34
Median Age
63%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
6,253
Density / Sq Mi
$87,930
Median Household Income
$63,901
Median Earnings
$1,524
Median Rent
$444,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with two updated units, private outdoor spaces, and off-street parking in Cincinnati.
Where is this duplex located?
The property is located at 1619 Mansfield Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,554‑square‑foot duplex on a 0.034‑acre lot; Renovated during 2022‑2023 with updated kitchens, baths, flooring, HVAC, and electrical; Two 1‑bedroom, 1‑bath units
